Temasek may pick 33% more in Manipal Health to become majority shareholder

Temasek may pick 33% more in Manipal Health to become majority shareholder

Mumbai: Singapore’s sovereign fund, Temasek Holdings, will raise its stake in Manipal Health Enterprises to about 51% from the current 18%, making it the largest investor in India’s biggest hospital chain, people aware of the matter said. Temasek is set to make an investment of about ₹13,200 crore ($1.6 billion) to buy an additional 33% … Read more

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

A Saudi billionaire detained in a 2017 anti-graft crackdown is to sell a 16.87-percent stake of his company to a sovereign wealth fund run by the kingdom’s crown prince, a statement said Sunday. The sale by Prince Al-Waleed bin Talal of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion, … Read more